South Africa tour of India 2019
The US To Stop The Export Of Iranian Oil
The President and the administrators of The United States Of America may make an announcement on Monday about banning of importing the oil from Iran. All the importers of the oil from Iran will have to end their imports or will have to get the import sanction from the US.
Donald Trump, the president of the US was clear on the terms of the oil export from Iran. He had made it clear to the national security team that he wanted to end all these waivers to end. John Bolton the national security advisor was working on the process from within the administration.
Earlier the US had imposed a ban on the export of Iranian oil, however after the ban was taken off in November and the Iranian oil export stated between 8 countries which were India, Japan, South Korea, Taiwan, Turkey, Italy, and Greece.
But now after the second of May, the export ban will be implied again. Of all the other countries Turkey is the one which did not support US sanction policy and Tehran will be most affected by the policy as it will choke its main source of revenue.
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